Saudi’s Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis
IMF Working Papers, December 11, 2018
Source details
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- Saudi’s Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis
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Bibliographic details
- Authors: Olumuyiwa S Adedeji, Sohaib Shahid, Ling Zhu
- Published: December 11, 2018
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484388792.001
Study scope and approach
- Examines real and financial linkages between Saudi Arabia and other GCC countries.
- Focus on growth spillovers, equity market co-movements, and bond market co-movements.
Key findings
- Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant.
- Growth spillovers from Saudi Arabia to other GCC countries are not found to be significant.
- Equity market movements in Saudi Arabia are found to have significant implications for other GCC countries.
- There is no evidence of co-movements in bonds markets.
- These findings suggest some degree of interdependence among GCC countries.
Subjects and keywords emphasized
- Subjects: Financial institutions, Financial markets, Financial sector policy and analysis, Financial services, Oil prices, Prices, Sovereign bonds, Spillovers, Stock markets, Yield curve.
- Keywords: equity market movement, GCC bond spread, GCC country, GCC equity, GCC sovereign bond market spillover, Global, Growth, growth shock, Gulf Corporation Council, Oil prices, Sovereign bonds, Spillovers, Stock markets, WP, Yield curve.
Publication metadata (selected)
- Authors: Olumuyiwa S Adedeji, Sohaib Shahid, Ling Zhu
- Date: December 11, 2018
- Pages: 17
- Volume: 2018
- Issue: 278
- Series: Working Paper No. 2018/278
- DOI: https://doi.org/10.5089/9781484388792.001
- ISBN: 9781484388792
- ISSN: 1018-5941
- Stock No: WPIEA2018278
Saudi’s Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis — Olumuyiwa S Adedeji, Sohaib Shahid, Ling Zhu; December 11, 2018.